Stratasys Ltd. (NASDAQ:SSYS - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.61, but opened at $9.89. Stratasys shares last traded at $10.32, with a volume of 304,396 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on SSYS. Craig Hallum increased their target price on Stratasys from $12.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Needham & Company LLC upped their price target on Stratasys from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com lowered Stratasys from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Cantor Fitzgerald upped their price target on Stratasys from $12.00 to $15.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Stratasys presently has an average rating of "Moderate Buy" and an average price target of $12.20.
Read Our Latest Research Report on Stratasys
Stratasys Price Performance
The company has a market capitalization of $701.65 million, a price-to-earnings ratio of -7.45 and a beta of 1.28. The stock has a 50 day simple moving average of $10.25 and a two-hundred day simple moving average of $8.93.
Stratasys (NASDAQ:SSYS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $150.40 million for the quarter, compared to analyst estimates of $151.01 million. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. Equities research analysts predict that Stratasys Ltd. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On Stratasys
Several hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP grew its holdings in shares of Stratasys by 3.7% during the third quarter. Rubric Capital Management LP now owns 6,191,000 shares of the technology company's stock worth $51,447,000 after purchasing an additional 222,297 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Stratasys by 0.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,399,898 shares of the technology company's stock worth $12,445,000 after buying an additional 9,522 shares during the last quarter. Clearline Capital LP grew its holdings in shares of Stratasys by 23.3% during the third quarter. Clearline Capital LP now owns 1,367,226 shares of the technology company's stock worth $11,362,000 after buying an additional 258,603 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Stratasys during the third quarter worth about $10,916,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Stratasys by 53.1% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,153,580 shares of the technology company's stock worth $10,255,000 after buying an additional 400,000 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company's stock.
About Stratasys
(
Get Free Report)
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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